Word: coded
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Dates: during 1970-1979
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...Frankel, with a $625,000 grant from the National Endowment for the Humanities. Bennett must regularly remind himself, "What are we doing for the public?" Sometimes he is part of the response. A Harvard Law School graduate, he serves on a committee advising the American Bar Association on a code of ethics for lawyers. He has participated in a TV panel discussion on Jonestown, organized by Frankel, who not only continues to teach at Columbia but also mans an office that the N.H.C. maintains in New York City. Long an ideologue of the humanities, Frankel has defined the tightrope Bennett...
Nowhere has the shift in Kennedy's political approach been more marked than in his bill to revise the federal criminal code. The legislation, which was stalled for twelve years because it was so controversial, authorizes sharply defined sentencing guidelines, and completely phases out the federal parole system. The American Civil Liberties Union has stiffly attacked Kennedy for certain parts of the bill and even some Republicans have described it as too authoritarian...
...earnings from existing operations, viz., allowing the South African affiliate to depreciate, or, in plain English, "run into the ground." Without new infusions of capital, either in the form of new investment or retained earnings, plants and equipment rapidly lose their economic value and become obsolete. Naturally, the tax code makes provision for the deprecation of assets, permitting the parent company to "write off," so to speak, their losses...
American companies that operate abroad, including the oil firms, also enjoy the U.S. tax code's foreign credits. Unlike most nations, the U.S. not only taxes domestic income, but all earnings worldwide of American taxpayers. The credits are quite legitimately designed to make sure that a company is not taxed twice on foreign income...
...laws currently hobbling the CIA. Because of all the restrictions, the agency's legal and inspection staff has more than tripled in the past years. As Schlesinger puts it, "A CIA officer can hardly do his job if he has lawyers following him around reading the U.S. Code to him." Especially nettlesome is the fact that the CIA is subject to the Freedom of Information Act, the only intelligence service in the world that has to produce information for outsiders on demand. Dozens of CIA officials are tied up responding to inquiries, many of them frivolous...